Industry 4.0 brings Environment, People and Profits on an equal footing
An excellent article by Alina Gross “How Industry 4.0 Helps Firms Address - The Triple Bottom Line Forbes” stressed in Aug 21, how critical it is for today’s organisations to support all dimensions of the Triple Bottom Line: Profits, People and Environment. In a world with increasing population and limited resources, Industry 4.0 transformation is becoming rapidly vital. This transformation is about gaining in operational efficiency & agility but for the first time considering on an equal footing workers conditions and environmental impact by reducing wastage & energy.
Industry 4.0, enabled by smart traceability, localisation and sensing solutions, AI, robotics, and others leads to efficiency and effectiveness gains through new ways of producing goods and optimising the supply chain but it will never happen if that translates into billions of additional batteries thrown into dumps around the world and draw further stress on additional mineral and chemical resources.
Energization of IoT but more generally low power electronics found in every part of our daily life has become a major societal challenge.